XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 115,553 $ 197,733 $ 420,852 $ 601,757
Cost of revenues 8,619 2,797 16,814 17,648
Gross profit 106,934 194,936 404,038 584,109
Operating expenses        
Selling, general and administrative expenses 1,262,199 1,041,319 3,692,821 2,140,140
Research and development expenses 134,501 269,239 366,374 778,964
Total operating expenses 1,396,700 1,310,558 4,059,195 2,919,104
Loss from operations (1,289,766) (1,115,622) (3,655,157) (2,334,995)
Other income (expense)        
Interest income 19,571 6,024 39,641 7,279
Interest expense (16,311) (111,968) (288,353) (374,540)
Rent income 4,774 4,574 15,254 14,274
Rent income – related parties 1,200 1,600 3,600 1,600
Impairment loss (8,507) (952,711)
Investment loss 665 (38,272)
Gain/Loss on foreign exchange changes (90) (2) 8,569 402
Gain/Loss on investment in equity securities (887,231) (64,689) (1,067,298) (182,113)
Other income (171) (1,047) 176,330 851
Total other expenses (886,100) (165,508) (2,103,240) (532,247)
Loss before provision income tax (2,175,866) (1,281,130) (5,758,397) (2,867,242)
Provision for income tax (44,735) 48,555 (133,947) (49,788)
Net loss (2,131,131) (1,329,685) (5,624,450) (2,817,454)
Net loss attributable to noncontrolling interests (285,085) (114,826) (681,569) (253,349)
Net loss attributed to ABVC and subsidiaries (1,846,046) (1,214,859) (4,942,881) (2,564,105)
Foreign currency translation adjustment (25,384) (61,061) (42,403) (86,786)
Comprehensive loss $ (1,871,430) $ (1,275,920) $ (4,985,284) $ (2,650,891)
Net loss per share:        
Basic and diluted $ (0.09) $ (0.06) $ (0.25) $ (0.15)
Weighted average number of common shares outstanding:        
Basic and diluted 19,488,168 19,020,824 19,486,959 17,333,902